Investors demand justice as class action lawsuit targets Visa Inc

In December 2024, the Rosen Law Firm announced an ongoing investigation into Western Asset Management Company for potential securities claims linked to investor losses. This comes after the U.S. Securities and Exchange Commission charged Ken Leech, the former Co-Chief Investment Officer, with engaging in a multi-year scheme known as cherry-picking, where favorable trades were allocated to select portfolios while unfavorable trades were assigned to others. This unethical practice, which misled investors regarding the performance of mutual fund investments, has triggered a call for affected investors to seek compensation through a class action lawsuit. Legal representatives are encouraging individuals who purchased Western Asset mutual funds to step forward as they may not have to pay any out-of-pocket fees due to a contingency fee arrangement. The Rosen Law Firm highlights the seriousness of these allegations as they prepare to act on behalf of investors worldwide, emphasizing the urgency for potential plaintiffs to join the action.